Section 108 Microloan Program

City Hall
144 Tichenor Ave, Suite 2
- Email: [email protected]
- Phone: (334) 501-7270
- Hours: M-F: 8AM-5PM
The purpose of the CDBG Section 108 Microloan program is to provide small, short-term business loans for active small businesses and startups. Loans may be used for small real estate purchases, inventory, working capital, supplies, furniture, fixtures, machinery and equipment.
Microloan Details
- Amount: up to $35,000
- Term: up to 6 years
- Rate: determined during application process
- Jobs: entrepreneurs are to make jobs available principally for low- and moderate-income citizens